Sound familiar?

These are quotes from the great depression:

September 1929
"There is no cause to worry. The high tide of prosperity will continue." — Andrew W. Mellon, Secretary of the Treasury.

October 14, 1929
"Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board." — New York Times

December 5, 1929
"The Government's business is in sound condition." — Andrew W. Mellon, Secretary of the Treasury

December 28, 1929
"Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as an indication that American industry had reached a point where a break in New York stock prices does not necessarily mean a national depression." — Associated Press dispatch.

January 13, 1930
"Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today." - News item.

January 21, 1930
"Definite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction." - News dispatch from Washington.

January 24, 1930
"Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast." - New York Herald Tribune.

March 8, 1930
"President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days." - Washington Dispatch.

May 1, 1930
"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States - that is, prosperity." - President Hoover

June 29, 1930
"The worst is over without a doubt." - James J. Davis, Secretary of Labor.

August 29, 1930
"American labor may now look to the future with confidence." - James J. Davis, Secretary of Labor.

September 12, 1930
"We have hit bottom and are on the upswing." - James J. Davis, Secretary of Labor.

October 16, 1930
"Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment." - Charles M. Schwab.

October 20, 1930
"President Hoover today designated Robert W. Lamont, Secretary of Commerce, as chairman of the President's special committee on unemployment." - Washington dispatch.

October 21, 1930
"President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter." - Washington Dispatch

November 1930
"I see no reason why 1931 should not be an extremely good year." - Alfred P. Sloan, Jr., General Motors Co.

January 20, 1931
"The country is not in good condition." - Calvin Coolidge.

June 9, 1931
"The depression has ended." - Dr. Julius Klein, Assistant Secretary of Commerce.

Remember the great depression lasted almost 10 years....

source: www.wakeupfromyourslumber.com...

For Americans who lived through the Depression, the last few months have felt familiar.

www.kansascity.com...

Its coming guys... and soon... Depression survivors feel this is eerily familiar...

hope everyone is prepared...

So, I posted this thread origionaly months ago... No one paid attention...

I told my friends and family... and no one listened in real life either...

Now... everyone is in a panic...

I've already packed away my supplies hope everyone did the same!

Anyone here get ridiculed when you first mentioned this?

I remember telling people this was incoming from about March of last year... lol

This is one of those times... I wish I had been wrong...

It is speculated now this is going to be worse than the 30's.... Hope everyone is ready!

The climate is completely different, I don't even know if a depression that is akin to the previous is even possible.

At any rate, it's slightly disturbing to see folks so upbeat about a possible depression. Just can't wait to try out those supplies eh?

I'm not despairing yet.

lol actually... I'm not looking forward to the supplies...

I didn't go the "freeze dried" route... Instead, I went raw grain and the likes...

add to that a hand grain mill... and proper brewing supplies...

If all hell breaks loose tomorrow, I can make flour, bread, pasta etc... hunt my land for game, and I have cases of canned veggies... and enough stuff to brew up a storm...

I wouldn't call it upbeat so much... but prepared...

But, its beyond a doubt now... we're going into a depression...

The Chair of the IMF came out and said the U.S. is in one... and Warren Buffet (who's been optimistic up till this last week) came out and said we're in the equivilent of an "economic pearl harbor".

we're hosed man... plz plz plz gather a few meager supplies together... My supplies won't last more than a few weeks... but with brewing capabilities, and the ability to make flour (most ppl can't these days), I'll have something to barter...

S&F for you, good research! Maybe additional years or parallel quotes from today.

A few differences:

Savings rate
1929 -- 9.7%
2007 -- 1.7%

Home down payment
1929 -- 50%
2007 -- 0-5%

Individuals with farming / hunting skills
1929 -- More than 50%
2008 -- Less than 10%

Individuals are entering the 2008 'Great Recession' with less ability to survive.

[edit on 16-2-2009 by Dbriefed]